Aircraft Landing Gear and Brakes Market was valued at USD 9.5 Billion in 2022 and is projected to reach USD 12.8 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The global aircraft landing gear and brakes market was valued at approximately USD 13.5 billion in 2022 and is projected to reach around USD 18.7 billion by 2027, expanding at a compound annual growth rate (CAGR) of about 6.6% during the forecast period. This growth is driven by increasing aircraft deliveries, advancements in landing gear technology, and rising demand for more efficient and safer braking systems. The ongoing trend toward modernizing and upgrading aircraft fleets, alongside a resurgence in commercial aviation following the pandemic, is expected to further fuel market expansion.
Opportunities in the aircraft landing gear and brakes market are being bolstered by technological innovations such as electric and hybrid landing gear systems and advanced braking solutions that enhance performance and safety. Additionally, the rise of unmanned aerial vehicles (UAVs) and urban air mobility (UAM) solutions presents new avenues for growth. Emerging markets, particularly in Asia-Pacific and the Middle East, are witnessing significant investments in aerospace infrastructure and are expected to be key contributors to market growth. These regions offer a fertile ground for expanding landing gear and brake technologies, driven by increasing air travel and infrastructure development.
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Rolls-Royce plc
Lufthansa Technik
United Technologies
MTU Aero Engines AG
Textron Inc.
A J Walter Aviation Limited
AAR
AFI KLM E&M
Turkish Technic
GE Aviation
Singapore Technologies Engineering LTD
SIA Engineering Company
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Aircraft Landing Gear and Brakes Market
Commercial Aviation
Business Jet
Commercial Helicopter
Other
Based on Types the Market is categorized into Below types that held the largest Aircraft Landing Gear and Brakes market share In 2023.
Line Maintenance
Heavy Maintenance
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Aircraft Landing Gear and Brakes Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Aircraft Landing Gear and Brakes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aircraft Landing Gear and Brakes Market, By Type
6. Global Aircraft Landing Gear and Brakes Market, By Application
7. Global Aircraft Landing Gear and Brakes Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Aircraft Landing Gear and Brakes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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